who would listen to Covello ? Those who did sold long time ago and those who don't have no concern starting now.
I just checked level II and i see BATX, NSDQ and PHLX selling and buying. Anyone happen to know what GS would use as a MM ?
Who listens to Goldman??? Probably the MM preparing to burn options traders (and profit taking) is what I would suspect.... I'm hoping they take it back under $21 so my calls expire worthless and I keep my shares at a lower price... didn't expect this to go up so much recently...
Semis seem to be taking it on the chin.
I did find the traditional Covello bash published earlier today. This is probably why Intel is pressured.
sarcasm on .....
If Intel gets Apple foundry deal, it is bad.
If Intel doesn't get Appler foundry deal, it is bad.
If TSMC gets Apple foundry deal, it is good.
If Samsung losses foundry deal, it is bad.
You have to wonder the real logic behind Covello.
sarcasm off ....
Goldman Sachs today maintained a Sell rating on Intel (NASDAQ: INTC) with a price target of $16.00. Analysts said rumors that Intel may be a foundry for Apple (Nasdaq: AAPL) was not a catalyst.
"We believe that Intel being a foundry for large customers such as Apple would dilute its margins and increase the long-term risk of excess supply (given high capex and potential share shifts among foundries). . . . As we have written previously, we believe this business would be a negative for Intel s multiple," said analyst James Covello.
If Intel take Apple ARM business it will be at their usual 60+% margins which is why they have not been able to agree a price for years now. It's obvious if you think about it, if there is chance that an Intel built ARM could replace an Intel x86 processor then it must have similar profit level to Intel for it to countenance the idea.
If James Covello isn't on the SEC investigate list, then they are dumber than several boxes of rocks. However, I view this as positive as it means Covello is getting hammered by Intel's move up and feels like he has to do something. If what we are seeing is the total effect then Covello has become the little man we always knew him to be. Throw him on the scrapheap with Denni and DanaLucy...
Sentiment: Strong Buy